The Supercomputers of Wall Street: Friend or Foe?

July 30, 2013

Today's Wall Street is run by quantitative analysts who write the algorithms that run on the supercomputers that make the actual trades, using super high speed network connections to exchanges. While the new system has unquestionably enriched some, the question becomes: Has it benefited the rest of us? Read more…

By Alex Woodie

Big Data Engenders New Opportunities and Challenges on Wall Street

September 27, 2012

One of technology’s most pervasive buzzwords echoed in the ears of attendees at this year’s one-day HPC on Wall Street conference in New York City, as panel after panel addressed the challenges and opportunities that big data presents. From the opening remarks regarding Wall Street’s traditional concern of low latency, delivered by Cisco CTO Paul Perez, to the multiple open-ended discussions that took place in concurrent panels, the “big data” problem was a much-discussed topic. Read more…

By Nicole Hemsoth

Wall Street Soaks Up Software Talent

September 3, 2012

New book talks about how financial institutions have taken the best and the brightest out of circulation. Read more…

By Robert Gelber

IBM’s PERCS for Financial Services

May 23, 2011

An IBM representative informed Forbes that it financial services companies are interested in corporate PERCS. Read more…

By Nicole Hemsoth

Watson Takes a Turn on Wall Street

April 7, 2011

IBM takes its Jeopardy-winning supercomputing technology on the road. Read more…

By Michael Feldman

The Weekly Top Five

April 7, 2011

The Weekly Top Five features the five biggest HPC stories of the week, condensed for your reading pleasure. This week, we cover Intel's "Westmere EX" launch party; the Albert Einstein Institute's new cluster; TACC's Lonestar 4 inauguration; Penguin Computing's financial markets server; and NextIO's partnership with Bright Computing. Read more…

By Tiffany Trader

The Uphill Battle for SaaS Companies on Wall Street

January 24, 2011

As a recent Financial Times argues, it is difficult for SaaS companies focused on Wall Street to prove their revenue model in the short term--or at all, thus leading to immaturity of cloud services in this market. Read more…

By Nicole Hemsoth

Algorithms Engulf Wall Street

January 19, 2011

Automated trading software runs amok. Read more…

By Michael Feldman

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